Income Tax
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Taxation of Indian and foreign Income for Indian and foreign Citizens
Reassessment Quashed as No Addition Made on Original Reopening Issue
Mere Claims of Cheque Discounting Insufficient to Explain Bank Credits: ITAT Surat
ITAT Quashes 50C Addition Citing Valuation Typo and Higher Consideration
Interim Relief Granted Against Reassessment Issued Without Considering Reply
Delhi HC Quashed Reassessment Notice as Time-Barred for Crossing Ten-Year Limit
NRIs Returning to India: Tax Blunders When Claiming Residency Exemption
HUF TDS Credit Dispute Sent Back to AO for Member-Level Verification
Limited Scrutiny Means Limited Powers: Additions Beyond CASS Scope Quashed by ITAT
Bogus Purchases Can’t Be Added in Full When Sales Are Accepted: ITAT Restricts Addition to 3% GP
From PAN to PAN 2.0: Understanding evolution of Tax Identification
SC Issues Notice on Late PF/ESI Deposit Deduction Dispute
Interest Paid to Earn Interest Is Allowable: ITAT Allows Section 57(iii) Deduction Despite Ex-parte Assessment
Section 80G Approval Can’t Be Denied for Form 10AB Delay: ITAT Mumbai
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.
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Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.
